Completion of Phase 1 of Rubicon Unit 3-D Seismic Survey and Hercules Offshore to Present at Lehman Brothers CEO Energy Conference

City of Industry, CA --(www.USEquityNews.com)-- 08/29/2008 - Oil and Gas Exploration industry alert provided by U.S. Equity News. Samson Oil & Gas Limited (AMEX: SSN) announced recently that the acquisition of 27 square miles of the Phase 1 (Covering Samson's entire acreage) of a new 3-D seismic survey in Samson's joint federal exploratory unit (the Rubicon Unit) with Devon Energy has been completed in Sweetwater County, Wyoming. As previously reported, Samson's exploration agreement with Devon covers Samson's 6,400 acre holding in the western flank of the Vermillion Basin in Sweetwater County, Wyoming. This area contains a 3,500 foot section of Baxter Shale that was drilled in the 1970's and recovered a significant flow of gas from an unstimulated Baxter Shale. Since that time there has been significant development of the Baxter Shale in the Vermillion region 40 miles east of Samson's acreage, where other companies' drilling efforts have resulted in flows of up to 9 million cubic feet per day from the Baxter Shale.


Whiting Petroleum Corporation (NYSE: WLL) recently announced that it will present at the Lehman Brothers CEO Energy/Power Conference at the Sheraton New York Hotel & Towers in New York City on Tuesday, September 2, 2008 at 2:20 p.m. (EDT). President and CEO James J. Volker will discuss the Company's strategy, development plans and outlook. Whiting's live presentation may be accessed on the Internet by logging onto the following link: http://cc.talkpoint.com/LEHM002/090208a_jw/default.asp?entity=whiting. The presentation materials and link to the webcast will also be available on Whiting's website at http://www.whiting.com beginning September 2, 2008. You may access the presentation by clicking on the "Investor Relations" box on the menu and then on the link titled "Webcasts."

Hercules Offshore, Inc. (NASDAQ: HERO) announced recently that John T. Rynd, Chief Executive Officer and President, will present at Lehman Brothers CEO Energy Conference in New York City on Wednesday, September 3, 2008, at 11:05 a.m. EDT (10:05 a.m. CDT). Interested parties may listen to the presentation live over the Internet at http://www.herculesoffshore.com. Go to the "Investor Information" link and select "News & Events." To listen to the live presentation, please go to the Web site at least 15 minutes early to register, download and install any necessary audio software. A replay of the presentation will be available within 24 hours after the conclusion of the presentation through our Web site (http://www.herculesoffshore.com) for one month.

Diamond I, Inc. (OTCBB: DMOI), a reporting company trading on the OTCBB that is to change its name to "US BioFuels Exchange, Inc.," announced recently that it has obtained the first round of funding for its online biofuels exchange, USBiofuelsExhange.com (the "US-BX"). This first funding was obtained from a group of investors, including petroleum and biofuels marketing veterans and petroleum and biofuels marketing companies. This funding assures the launch of the US-BX. "This type of industry support certainly bolsters our belief that the time for the US-BX is now," said Tom Gray, DMOI's newest director. "We are excited with the building momentum and look forward to announcing more developments in this important project."

About U.S. Equity News

U.S. Equity News provides information, resources and news services for investors of small-cap, micro-cap and emerging companies. U.S. Equity News distributes RSS news feeds and a free subscription-based newsletter available through its website at www.usequitynews.com.

U.S. Equity News is a financial news distribution service by Equity Solutions, Inc. (www.equityirsolutions.com) that provides a platform for public companies to disseminate important news to key Wall Street interest such as shareholders and new investors. Equity Solutions, Inc. can assist by providing an effective increase in the awareness of a public company's news, development and corporate story through its proprietary network and its financial portal. U.S. Equity News and its affiliates charge each client cash for news distribution and may take an equity position in the companies mentioned herein, please visit the disclaimer at www.USEquityNews.com.

Contact Information:
U.S. Equity News
Tel: (626) 961-8039
Email: info@usequitynews.com

Comments:
Disclaimer: User Comments do not reflect the views of US Equity News, and we are not responsible for the content of users' comments. We also reserve the right to edit or delete comments to our discretion.

---